Bitcoin could stage a recovery above $66,000 by September but faces significant resistance around $61,700.
Bitcoin (BTC) is officially back in the accumulation phase, the latest data shows, as analysts are eying an imminent price breakout. Could this help Bitcoin price recover above $66,000 by September?
Bitcoin's long-term holder accumulation rate has reached a 15-month highs, according to popular analyst On-Chain College, who wrote in an Aug. 15 X post:
Bitcoin holders have shifted back to accumulating over the past month, according to an Aug. 15 X post by Glassnode, which wrote:
